Drescher Foundation
- Assets
- $3.0m
- Revenue
- $45.7k
- Investments
- $2.8m
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 54-1257908
Organization Overview
Drescher Foundation is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Drescher Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Drescher Foundation generated $45.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $38.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Drescher Foundation has awarded 80 individual grants totaling $1,272,889. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene M Drescher Assistant Secretary, V.P. | 0.25 | $0 | |
Jay A Katz Treasurer, V.P. | 0.25 | $0 | |
Jared M Drescher Chairman, V.p., Secretary | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $803 |
| Dividends & Interest | $69,983 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$25,071 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $760 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35,675 |
| Total operating and administrative expenses | $38,830 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $38,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,648 |
| Savings and temporary cash investments | $74,407 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $65,001 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,978,179 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Drescher Foundation has awarded $354,780 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CHARLES E SMITH LIFE COMMUNITIES PURPOSE: FOR OPERATIONS | $6,000 |
EASTER SEALS PURPOSE: FOR OPERATIONS | $5,000 |
JF KENNEDY CENTER PERFORMING ARTS PURPOSE: FOR OPERATIONS | $6,000 |
JEWISH SOCIAL SERVICE AGENCY PURPOSE: FOR OPERATIONS | $1,000 |
MANNA FOOD CENTER PURPOSE: FOR OPERATIONS | $29,812 |
NATIONAL JEWISH CENTER FOR IMMUNOLOGY RESEARCH PURPOSE: FOR OPERATIONS | $29,812 |